Treaty Energy Corp. (fka TECO)

[Allisone]

AFSE "There is no assurance that this well will produce oil and/or gas"


1) Belize Government said the TECO oil claim is false.
2) AFSE concludes there is no assurance of any oil.
3) TECO to date has not providing any 3rd party verification. Why? because there is none. It was a big OOPS or it had other intent behind it.

The only one who claims it isn't false is TECO; the entity benefiting from OPM (others people money).
hmmmm......


http://biz.yahoo.com/e/120221/afse.ob8-k.html

In January 2012, Treaty Belize Energy (TBE) reported that it had drilled its initial well near Independence Village, Belize, located adjacent to the Port of Big Creek in the Stann Creek District, and that oil in commercial quantities had been detected. The defined producing zone is between 1,235 and 1,290 feet. The level of initial production from this well is expected to be approximately 60 barrels per day. There is no assurance that this well will produce oil and/or gas in such quantities as would benefit our company. That is, production from this well may never result in cash distributions to us. A second, deeper well on the lease owned by TBE is planned for an as-yet determined date. There is no assurance that the second well will produce oil and/or gas.

We do not currently possess sufficient capital with which to make the further investments described above and there is no assurance that we will be able to obtain such needed capital.